camosoul
Well-known member
The thing holding DASH back is understanding...Do we have some development plan that will promote the trading of DASH with fiat? I think the MN and InstantX features are great but we really need some good trading volumes to compete with other cryptocurrencies. Does the profit from MN making margin trading unlikely because we don't really have a swap market? I mean if you have thousands of DASH, would you run MNs rather than offering swaps? I think the leverage by taking out a swap is what makes trading so profitable. We might not need to think about this when large exchange like Bitfinex had DASH/BTC and DASH/USD pair. Now, it seems relevant to us. I really don't want to go to Cryptsy for DASH trading. I don't know why, I just don't feel comfortable with Cryptsy.
When Silk Road first launched, the guv and their collusive media pals put in motion a large misinformation campaign to define Bitcon as "Anonymous Internet Devil Money for teh DRUGGGZZZZ!" They emphasized the "anonymous" part to get the fools that didn't know otherwise to make low-hanging fruit of themselves. To this day, the key to catching most of them has still been "follow the money." They make no effort to cover their tracks because the falsely believe they are not leaving any.
This false belief that there is any kind of privacy at all with Bitcoin and all of it's clones is still believed by many. They don't understand why DASH exists. They have so much pride in the coin they hold that any attempt to educate them is considered trolling or promoting a pump/dump of your/their coin of choice...
The key is finding a way to educate them in a way that doesn't seem like you're attacking their precious shitclone. And they can't really be blamed too much, with the huge amount of BS in crypto, even a mature person would be skeptical and defensive to the point that they may simply refuse to look around... Most traders have no clue how DASH works, or any other coin for that matter. DASH is unattractive for trading because the masternodes' proof of service holdings make it hard to manipulate, so there isn't a bunch of BS volume and big waves to make or lose money on.
No one has yet discovered the holy grail of how to educate an overly defensive, emotionally charged, cryptotard that their coin doesn't do what they think it does, without setting off their perfectly sensible defense mechanisms created as a result of the endless scamming and trolling inherent to crypto...
Further, DASH will never be a truly high volume trade because the senseless fluctuations that other coins have are pretty much eliminated, and pump/dump schemes are too expensive compared to what they could accomplish in any other coin for the same investment. In a market that primarily exists so that cryptotards can force each other to trade empty bags, DASH has kind of alienated itself by being more inherently stable than the competitors. The feature became a bug due to the userbase of crypto in general being a bunch of fuckwipes.
I believe DASH's future does not lie on the exchanges. It's inherently more stable and has instant TXes... It just won't ever live on the exchanges because it's not wildly fluctuating and anything else is a more effective/cheaper manipulation target. DASH is a different beast and it treads into territory that most cryptos forgot to become as they all huddled around the Ouija Board Chart abbreviation-trading crack pipe. They forgot to be cryptoCURRENCIES and a cult of derp has evolved around that failing. DASH has remembered to be a cryptoCURRENCY, but it's just wandering off into the cold darkness because everyone is addicted to the unintended crack-pipe of speculative trading on nonsense fluctuations and manipulation that the rest of crypto has become.
Education and promotion are key. The differentiating "it's actually a currency" features are already there. But nobody knows why. They think it's a solution to a problem that doesn't exist because they fell for the initial propaganda barrage and never looked back. Finding someone who knows what crypto is, is rare. Finding someone who knows that Bitcoin (and all of it's clones) is not anonymous already, is even more rare... I don't know what the Holy Grail is for bridging that gulf of cluelessness without setting off their alarms. That's what's really holding it back... Then, whenever that Holy Grail is discovered, it won't be exchanges, but real-world use via IX, that accelerates adoption. The stability is a GOOD THING for an actual CURRENCY, but the traders, and thus the exchanges that make commissions off of them, don't think so because their profit is centered around instability of a speculative and manipulative investment, which is what the bulk of crypto, and the mentality around it, has become. DASH's innovations has made it the "straight edge" in a community of crack-heads. DASH is the odd one out in a community of so-called "people" who have no idea why a person would care about anything but jonsing for their next rock.
As I've said before, the smart money is already in DASH. There's just not that much smart money...